Net zero implemented across Amundi funds

Yasmine Raso

Senior Journalist, Financial Newswire

20 April 2023

A net zero sweep has been implemented across Amundi Asset Management’s entire suite of products, with new concentrated funds covering equities, fixed income, real estate, multi-asset, emerging markets (EMs) and exchange traded funds (ETFs).

The range of actively and passively managed funds are available to both institutional and retail investors, offering exposure to companies “best equipped to support the transition of the economy to a low carbon model, enabling us to reach the global objective of Net Zero by 2050”.

The strategies also align with Amundi’s ESG Ambition Plan 2025 and the objective of accelerating the path towards decarbonisation by designing solutions tailored towards investors’ responsible investment preferences and requirements.

“Trillions of euros of capital will be needed to speed the path to decarbonisation, which cannot be done by governments alone,” Vincent Mortier, Group CIO at Amundi, said.

“The global asset management industry – which is expected to be managing over $145 trillion by 20254 – has the scale to make things happen and trigger the momentum required to get the world to Net Zero.

“This is why, as a European asset management leader, we are launching the Net Zero ambitions range across active, passive, and real assets, so investors can fuel the transition and put their savings to work, while earning investment returns.

“It is also critical to provide investors with a wide range of choices in order to help them align their investments to a Net Zero decarbonisation pathway.”

Within the equities asset class, Amundi has released two new funds, Amundi Funds Net Zero Ambition Global Equity and Amundi Funds Net Zero Ambition Top European Players, which evaluate the “credibility and feasibility of companies’ decarbonisation targets”.

Under fixed income, the Amundi Funds Net Zero Ambition Global Corporate Bond fund aims to provide both income and capital growth while reducing its carbon footprint, and the Amundi Funds Net Zero Ambition Pioneer US Corporate Bond fund focuses on low carbon emissions in the US Corporate Bond space.

The Amundi Real Estate European Net Zero Ambition Strategy is a climate impact strategy that seeks to maintain the carbon footprint in line with the Paris Agreement of below 1.5 degrees Celsius. The Amundi Funds Net Zero Ambition Multi-Asset aims to finance the energy transition and the Amundi EM Equity Target Net Zero is an active strategy that aims to identify EM companies likely to achieve their net zero goals.